Day: September 6, 2023

HENDERSON, Nev., Sept. 06, 2023 (GLOBE NEWSWIRE) — Movella Holdings Inc. (NASDAQ: MVLA) (“Movella”), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced that due to market conditions, on August 31, 2023, the Company reduced its number of employees by approximately 20%. The Company expects to substantially complete this workforce reduction in the third quarter of 2023. Additionally, the Company elected to restructure its operations by exiting certain non-core business activities. As a result of this workforce reduction and restructuring, the Company expects to incur a pre-tax cash charge for severance and restructuring costs which consists of one-time termination benefits and contract termination costs, of between approximately $1.1 million and $1.6 million in the...

MCLEAN, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Wednesday, September 6, 2023. Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”). Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust. Freddie Mac has engaged BofA Securities, Inc. and Wells Fargo Securities, LLC as lead dealer managers (the “Lead Dealer Managers”) and CastleOak Securities, L.P. as co-dealer manager (the “Co-Dealer Manager” and, collectively with the Lead Dealer Managers,...

Forward-thinking companies have embraced the market trend of InnovationOps to operationalize their innovation efforts, reducing risk and increasing positive outcomes PITTSBURGH, Sept. 06, 2023 (GLOBE NEWSWIRE) — Sopheon, the InnovationOps software company, announced that its customers have won the Outstanding Corporate Innovator (OCI) Award for three consecutive years. These elite global corporations are recognized by the Product Development & Management Association (PDMA) for their innovation success. In its 36th year, the OCI Award is the only global innovation award that recognizes sustained and quantifiable business results from new products and services. The PDMA is a global community of professionals whose skills, expertise and experience power the most recognized and respected innovative companies in the world. The...

– A senior financial leader for over two decades, Qureshi brings a wealth of experience driving growth and profitability for publicly-traded, global growth organizations – SEATTLE, Sept. 06, 2023 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), the leading provider of pet medical insurance for cats and dogs, announced today the appointment of Fawwad Qureshi as Chief Finance Officer. Mr. Qureshi will officially join Trupanion on September 25, 2023. Mr. Qureshi joins Trupanion with over 20 years of senior-level financial experience, successfully steering growth in revenue and profitability for publicly-traded, global growth companies. Notably, during his most recent tenure at Expedia Group as Senior Vice President of Finance and CFO of Brands, Qureshi had full P&L and commercial responsibility for its over $9 billion...

With the newest version of Limitless VPN, users can expect faster speeds and smoother browsing, allowing them to enjoy seamless streaming, instant downloads, and uninterrupted access to their favorite content. VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) — Anonymous Intelligence Company Inc. (CSE: ANON) (OTC: ANICF) (FRANKFURT: 1JI0) (“ANON” or the “Company”), a leading computational intelligence, decentralized network and data technology company, focused on leveraging its proprietary suite of AI and privacy enabled products to empower increased confidence in technology for consumers and businesses alike, is pleased to announce that its legacy Limitless suite of technology products has launched a new version of its Limitless VPN, featuring updated servers, streamlined signup process, new features and built in monetization. LIMITLESS...

BASSETT, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) — September 6, 2023 – Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that consolidated net sales for the quarter ended August 26, 2023 were approximately $87 million or 26% lower than the corresponding period in 2022, and that as a result, it expects to report an operating and net loss for the quarter. While wholesale shipments dropped by 27% for the quarter, wholesale orders were only 5% lower than the prior year quarter. In spite of the expected net loss, the Company will report positive operating cash flow and a cash and short-term investment balance in excess of $65 million. In addition to the lower sales volumes, several unusual events contributed to the operating loss. First, the Company closed one store and a clearance center during the quarter resulting in...